Nifty Outlook 4th October and Trade Setup

NSE:NIFTY   Nifty 50 Index
Nifty will test the channel support around 10800 and likely break it to test it's 200 DEMA at 10770. Important Resistance Levels (purple) and Support Levels (Green) are marked above in chart.

Trade Setup :-

CMP 10850

Short @Cmp or in 10900-930 zone

Stop loss 10985

Target of 10800 / 10770 / 10750 / 10735

All the levels mentioned above are spot.


what is your take for the day
@Parasuram, 10400 is an important support. Nifty can bounce from here. I will book my shorts at 10400 and wait for fresh shorts.
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